This article has been disseminated on behalf of G Mining Ventures Corp. and may include paid advertising.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) has completed the first US$80 million drawdown under its previously announced US$350 million revolving credit facility, supporting development of its 100%-owned Oko Gold Project in Guyana. Proceeds were used to repay an equivalent senior secured term loan provided by Franco-Nevada GLW Holdings Corp., generating annual interest savings of approximately US$1.5 million. Vice President, Finance and CFO Julie Lafleur said the refinancing “marks another step in optimizing our capital structure and improving capital efficiency,” enabling GMIN to strengthen its balance sheet while advancing both Oko West and Tocantinzinho operations.
To view the full press release, visit https://ibn.fm/JiQoA
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the TZ Gold Mine in Brazil and Oko West Gold Project in Guyana, both mining friendly and prospective jurisdictions.
NOTE TO INVESTORS: The latest news and updates relating to GMINF are available in the company’s newsroom at https://ibn.fm/GMINF
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